US LABOR MARKET STABLE AS JOB OPENINGS RISE, HIRING EASES IN NOVEMBER

U.S. job openings unexpectedly increased in November while hiring softened, suggesting the labor market continued to slow at a pace that probably does not require the Federal Reserve to be in a rush to cut interest rates.

The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday also showed layoffs remained low and workers were reluctant to quit their jobs. There were 1.13 job openings for every unemployed person, up from 1.12 in October.

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